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CAD and crosses in a technical snapshot - TDS

FXStreet (Barcelona) - Analysts at TD Securities gave us a technical snapshot of the Canadian dollar and crosses.

Key Quotes:

USD/CAD tests the upper end of the trading range; break higher expected – just not yet”.

EUR/CAD pushes above resistance in the low 1.42 area but the broader trend lower remains intact – look to fade gains”.

AUD/CAD weakness reflects accumulation of bearish price signals recently as the market tested and failed against resistance in the mid/upper 0.969 area”.

GBP/CAD bounces – just as the market started getting comfortable with the idea of more weakness”.

CAD/JPY continues to pressure resistance in the high 103s; scope for corrective weakness is limited”.

EUR/GBP getting as good as it gives

EUR/GBP is trading at 0.8006, down -0.16% on the day, having posted a daily high at 0.8041 and low at 0.7989.
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The foreign exchange market is trading quietly on Wednesday before of the FOMC minutes. The EUR/USD is moving above 1.2550; the GBP/USD tested the 1.5700 area before retracing to 1.5665; while the USD/JPY extended gains above 117.50.
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